Severfield plc (LON:SFR – Get Rating)’s share price hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as GBX 68.32 ($0.85) and last traded at GBX 67.60 ($0.85), with a volume of 513488 shares. The stock had previously closed at GBX 61.20 ($0.77).
The newly announced dividend which will be paid on Friday, October 13th. Investors of record on Thursday, September 7th will be given a dividend of GBX 2.10 ($0.03) per share. This is a boost from Severfield’s previous dividend of $1.30. This represents a yield of 3.43%. The ex-dividend date of this dividend is Thursday, September 7th. Severfield’s dividend payout ratio (DPR) is currently 5,000.00%.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 109 ($1.36) target price on shares of Severfield in a report on Monday, March 27th.
Severfield Stock Performance
About Severfield
Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Mainland Europe, and India. The company manufactures metal decking products; plate girder sections, rectangular and/or circular apertures, optimal section profiles, and intumescent coating products.
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